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An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Direct Labor Total Labor
Volume Hours per Unit = Hours
Pitsons =
Valves =
Cams =
Total estimated direct labor hours
Budgeted Factory Overhead / Plantwide Allocation Base = Plantwide Overhead Rate
dlh per dlh
b. Direct Factory OH Estimated Direct Labor
Labor Hours Plantwide Cost per Direct Labor Cost per
per Unit Rate Unit Rate Unit
Pistons
Valves
Cams
c.
Pistons Valves Cams
Revenues (price units)
Direct materials (direct materials cost units)
Direct labor [cost per unit (b) units]
Factory overhead [cost per unit (b) units]
Total costs
Gross profit
Gross profit percentage of sales
5.
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
Instructions
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Exercise 26(11)-4
Name:
Section:
0%
[Key code here]
For the Year Ended December 31, 2014
[Key essay answer here]
ORANGE COUNTY ENGINE PARTS INC.
Product Line Budgeted Gross Profit Reports
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Direct Labor Total Labor
Volume Hours per Unit =Hours
Pitsons 7,200 0.20 =1,440
b. Direct Factory OH Estimated Direct Labor
Labor Hours Plantwide Cost per Direct Labor Cost per
per Unit Rate Unit Rate Unit
Pistons 0.20 $30.00 6.00$ $20.00 4.00$
c.
Pistons Valves Cams
Revenues (price units) 360,000$ 288,000$ 84,000$
Product Line Budgeted Gross Profit Reports
For the Year Ended December 31, 2014
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
ORANGE COUNTY ENGINE PARTS INC.
Exercise 26(11)-4
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
